Today, more than half of adults in the U.S. are convinced electric vehicles (EVs) are the future.

A recent survey by Morning Consult shows 51% of U.S. adults are prepared to buy an EV in the next decade.

This is a huge – and fast – increase from just 39% last January and 43% in April 2021.

The rise in EV sentiment does make sense… last year was pivotal for EV makers.

And here at Casey Research, we’ve got several ways to be on the money-making side of this huge trend…

If this is your first time reading the Dispatch, welcome. If you’ve been here before, welcome back.

I’m Konstantin Ogurchenkov, and I’ve been a Casey Research analyst since 2015. I’ve worked under great newsletter editors and investors like Louis James, Doug Casey, and for the past several years, Dave Forest and John Pangere. (In fact, Dave and I are neighbors.)

I’ve learned a lot from them. And now, I want to share some of what I’ve picked up from the greats with you…

100 EVs to Choose From

This year, 100 different EVs will be available in the U.S. That’s a major gain over the 62 models available in 2021… and it’s the biggest increase since 2010.

The rise is due in part to strong support from the White House. As we’ve said in these pages before, a big chunk of the $1.2 trillion infrastructure bill is going towards EV-related expenses and infrastructure buildout.


Over half of U.S. adults are ready to buy EVs in the next decade… and there’s still lots of room to convince the other 49% to go electric.

And we think the fact that one of the most popular trucks on the market is getting an EV model will speed that along.

Ford is planning to release its F-150 Lightning in the first half of this year.

And already, Ford has 200,000 pre-orders. Just to put it in perspective, right now Ford produces only 80,000 new F-150 trucks per year.

Given the strong demand, it plans to increase output. But it’s not as simple as turning a switch… It will take a while…

Up to $12,500 From White House

Ford can’t fulfill all 200,000 orders quickly enough for impatient car buyers. Those who miss getting the iconic F-150 Lightning will remain in the market, shopping for one of the hundred EVs available this year.

And the government is trying to ease the way for EV buyers…

As of now, buying an EV can save you up to $7,500 in tax credits. This amount is based on multiple factors… (To see the list of EVs available for tax credits, you can check out this website.)

A $7,500 tax credit is great… But President Biden wants to push this number even higher.

The White House is working on the “Build Back Better Act.” It requires Congressional approval, but if passed, it will make an even bigger change to the domestic EV market.

It ultimately boosts tax credit up to $12,500 by adding $4,500 if you’re buying a union-made EV from the U.S.

…Plus another $500 if this EV also has a U.S.-made battery.

In other words, this policy will greatly support domestic carmakers.

Our Way to Profit

To sum up…

  • Most of the U.S. is ready to switch to EVs.
  • Carmakers are working hard to make this transition happen.
  • The government is supporting it with tax incentives and infrastructure buildout.

These factors add big momentum to the EV trend.

Which means there’s a lot of money to be made.

As investors, we can start with well-known Ford Motors (F), as mentioned above.

Last Thursday, my mentor Dave Forest dropped compelling research here at the Dispatch, showing that Ford is beating Tesla on the EV stage. He thinks it has 11x gain potential…

He said:

The “dinosaur” has been beating the tech darling [Tesla]… consistently for the last seven months.

In fact, Ford’s dominance over Tesla is growing. So far in January, Ford is up 10% – while Tesla plunged 12%.

If you invested $10,000 at the beginning of this month, Ford would have put $2,200 more in your pocket than Tesla.

We think it’s a safe bet that Ford – while widely viewed as a boring dinosaur stock – will continue to outperform as it continues its foray into EVs.

Or if you want a bet on multiple stocks from the EV universe, you can go with the Global X Autonomous & Electric Vehicles ETF (DRIV). It has $1.5 billion of assets under management and tracks 76 EV stocks.

This includes Ford and Tesla. It has a 0.68% expense ratio and is a simple way to invest in the massive EV trend.

Let’s gain,

Konstantin Ogurchenkov
Analyst, Casey Research